Open AccessThe «Five-Helix» Model as an effective way to develop business in Industry 4.0 of selected countries
Author(s) -
Nikolay Megits,
Shafa Aliyev,
Svitlana Pustovhar,
Taliat Bielialov,
Olha Volodymyrivna Prokopenko
Publication year - 2022
Publication title -
journal of eastern european and central asian research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.223
H-Index - 5
eISSN - 2328-8280
pISSN - 2328-8272
DOI - 10.15549/jeecar.v9i2.920
Subject(s) - business , helix (gastropod) , business model , business transformation , business development , state (computer science) , spiral (railway) , transformation (genetics) , industrial organization , marketing , process management , electronic business , computer science , engineering , business relationship management , mechanical engineering , ecology , biochemistry , chemistry , algorithm , snail , gene , biology
This article aims to assess the potential of using the components of the five-helix model in countries with different levels of business development in Industry 4.0 for the US, Azerbaijan, Ukraine, and Poland. We determined the stimulators and not stimulators of the company development interacting with the participants of the innovation system: "business," "society," "state," "science," and "environment." We empirically evaluated the company’s ability to use the potential of the five-helix model during the transition to Industry 4. These estimates, along with the development indicators of the five-fold spiral elements, were used to build a decision tree for choosing a practical scenario for business development and information transformation. It helped determine options for ensuring business efficiency, depending on the development of the five helix components and the company's ability to use their development potential.